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Global Steel Wire Rope Market: By Type of Lay: Regular Lay, Lang Lay, Alternate Lay; By Strand Pattern: Single Layer, Filler Wire, Seals, Warrington, Combination; By Steel Type; By Coating Type; By Application; Regional Analysis; Historical Market and Forecast (2016-2026); Competitive Landscape; Industry Events and Developments

Global Steel Wire Rope Market Outlook

The global steel wire rope market is expected to grow at a CAGR of 3.4% in the forecast period of 2021-2026.

 

Global Steel Wire Rope Market

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The Asia Pacific to Emerge as a Significant Regional Market for the Steel Wire Rope Industry

The global steel wire rope industry is significantly being led by the Asia Pacific region. In the Asia Pacific, particularly in China, Indonesia, and India, both consumption and sales of steel wire ropes are extremely high. Healthy growth is expected to take place in the steel wire rope industry in Asian countries, including China, India, Indonesia, Thailand, and Malaysia. China has been experiencing considerable growth over the past decade in the steel wire rope industry, attributable to the growth in steel production as well as investments in infrastructure involving lifting and motion applications.

Globally, the steel wire rope market is being propelled forward by the oil and gas, marine, and mining industries. The mining sector is expected to experience a steady growth pattern over the forecast period. Steel wires manufacturers are expected to increasingly concentrate on economies that produce and import substantial steel.

 

Steel Wire Rope: Industry Definition and Segmentation

Steel wire rope refers to a machinery commonly used for construction, mining, oil, and gas mining, among other fields. A steel wire rope is typically composed of wires, strands, and a core made of steel and fibre. The goal of the core is to sustain the external strands and preserve them as they function. The wires are primarily made of stainless steel and high carbon steel. The wires are twisted into strands.

 

Global Steel Wire Rope Market By Application

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The type of lay can be divided into:

  • Regular Lay
  • Lang Lay
  • Alternate Lay

The strand pattern of the product can be categorised as follows:

  • Single Layer
  • Filler Wire
  • Seals
  • Warrington
  • Combination

The steel type can be divided into stainless steel and galvanized steel.

The coating type of the product can be divided into the following:

Steel wire rope finds wide applications in the following:

  • Oil and Gas
  • Heavy Machinery
  • Mining
  • Marine
  • General Engineering
  • Construction
  • Others

The regional markets for steel wire rope can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Steel Wire Rope Market By Region

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Rising Applications of Steel Wire Rope Bolstering the Market Growth

Due to the rising demand for steel wire rope from various industries like marine and fishery, industrial and crane, and mining industries, the steel wire rope industry is witnessing a healthy growth. Steel wire rope and plastic ropes are light, sturdy, low specific gravity, superior elasticity, resistant to corrosion, and has high moldability. These ropes have excellent resistance to impact, durability, high strength, abrasion, and corrosion resistance, which are their preferred features in these industries. These factors are expected to drive the market growth in the coming years.

 

Key Industry Players in the Global Steel Wire Rope Market

The report gives a detailed analysis of the following key players in the global steel wire rope market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Cortland Limited
  • Anchor Industries Pty Ltd
  • Samson Rope Technologies, Inc.
  • Chung Woo Rope Co. Ltd
  • Teufelberger Holding AG
  • Fasten Group
  • Bekaert Group
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type of Lay, Strand Pattern, Steel Type, Coating Type, Application, Region
Breakup by Type of Lay Regular Lay, Lang Lay, Alternate Lay
Breakup by Strand Pattern Single Layer, Filler Wire, Seals, Warrington, Combination
Breakup by Steel Type Stainless Steel, Galvanized Steel
Breakup by Coating Type Vinyl, Zinc, Nylon, PVC, Others
Breakup by Application Oil and Gas, Heavy Machinery, Mining, Marine, General Engineering, Construction, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Trade Data Analysis Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Cortland Limited, Anchor Industries Pty Ltd, Samson Rope Technologies, Inc., Chung Woo Rope Co. Ltd, Teufelberger Holding AG, Fasten Group, Bekaert Group, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Steel Wire Rope Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Steel Wire Rope Historical Market (2016-2020) 
    8.3    Global Steel Wire Rope Market Forecast (2021-2026)
    8.4    Global Steel Wire Rope Market by Type of Lay
        8.4.1    Regular Lay
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Lang Lay
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Alternate Lay
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
    8.5    Global Steel Wire Rope Market by Strand Pattern
        8.5.1    Single Layer
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Filler Wire
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Seals
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Warrington
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Combination
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2016-2020)
            8.5.5.3    Forecast Trend (2021-2026)
    8.6    Global Steel Wire Rope Market by Steel Type
        8.6.1    Stainless Steel
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Galvanized Steel
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
    8.7    Global Steel Wire Rope Market by Coating Type
        8.7.1    Vinyl
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Zinc
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
        8.7.3    Nylon
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2016-2020)
            8.7.3.3    Forecast Trend (2021-2026)
        8.7.4    PVC
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2016-2020)
            8.7.4.3    Forecast Trend (2021-2026)
        8.7.5    Others
    8.8    Global Steel Wire Rope Market by Application
        8.8.1    Oil and Gas
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2016-2020)
            8.8.1.3    Forecast Trend (2021-2026)
        8.8.2    Heavy Machinery
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2016-2020)
            8.8.2.3    Forecast Trend (2021-2026)
        8.8.3    Mining
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2016-2020)
            8.8.3.3    Forecast Trend (2021-2026)
        8.8.4    Marine
            8.8.4.1    Market Share
            8.8.4.2    Historical Trend (2016-2020)
            8.8.4.3    Forecast Trend (2021-2026)
        8.8.5    General Engineering
            8.8.5.1    Market Share
            8.8.5.2    Historical Trend (2016-2020)
            8.8.5.3    Forecast Trend (2021-2026)
        8.8.6    Construction
            8.8.6.1    Market Share
            8.8.6.2    Historical Trend (2016-2020)
            8.8.6.3    Forecast Trend (2021-2026)
        8.8.7    Others
    8.9    Global Steel Wire Rope Market by Region
        8.9.1    Market Share
            8.9.1.1    North America
            8.9.1.2    Europe
            8.9.1.3    Asia Pacific
            8.9.1.4    Latin America
            8.9.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Trade Data Analysis

    12.1    Major Exporting Countries:
        12.1.1     By Value 
        12.1.2    By Volume
    12.2    Major Importing Countries
        12.2.1     By Value
        12.2.2     By Volume
13    Competitive Landscape
    13.1    Market Structure
    13.2    Company Profiles
        13.2.1    Cortland Limited
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2    Anchor Industries Pty Ltd
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3    Samson Rope Technologies, Inc.
            13.2.3.1    Company Overview
            13.2.3.2    Product Portfolio
            13.2.3.3    Demographic Reach and Achievements
            13.2.3.4    Certifications
        13.2.4    Chung Woo Rope Co. Ltd
            13.2.4.1    Company Overview
            13.2.4.2    Product Portfolio
            13.2.4.3    Demographic Reach and Achievements
            13.2.4.4    Certifications
        13.2.5    Teufelberger Holding AG
            13.2.5.1    Company Overview
            13.2.5.2    Product Portfolio
            13.2.5.3    Demographic Reach and Achievements
            13.2.5.4    Certifications
        13.2.6    Fasten Group
            13.2.6.1    Company Overview
            13.2.6.2    Product Portfolio
            13.2.6.3    Demographic Reach and Achievements
            13.2.6.4    Certifications
        13.2.7    Bekaert Group
            13.2.7.1    Company Overview
            13.2.7.2    Product Portfolio
            13.2.7.3    Demographic Reach and Achievements
            13.2.7.4    Certifications
        13.2.8    Others
14    Industry Events and Developments

 

Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operations Involved
2    Project Requirements and Cost Analysis
    2.1    Land, Location, and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Materials
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investments

 

List of Figures and Tables

1.    Global Steel Wire Rope Market: Key Industry Highlights, 2016 and 2026
2.    Global Steel Wire Rope Historical Market: Breakup by Type of Lay (USD Billion), 2016-2020
3.    Global Steel Wire Rope Market Forecast: Breakup by Type of Lay (USD Billion), 2021-2026
4.    Global Steel Wire Rope Historical Market: Breakup by Strand Pattern (USD Billion), 2016-2020
5.    Global Steel Wire Rope Market Forecast: Breakup by Strand Pattern (USD Billion), 2021-2026
6.    Global Steel Wire Rope Historical Market: Breakup by Steel Type (USD Billion), 2016-2020
7.    Global Steel Wire Rope Market Forecast: Breakup by Steel Type (USD Billion), 2021-2026
8.    Global Steel Wire Rope Historical Market: Breakup by Coating Type (USD Billion), 2016-2020
9.    Global Steel Wire Rope Market Forecast: Breakup by Coating Type (USD Billion), 2021-2026
10.    Global Steel Wire Rope Historical Market: Breakup by Application (USD Billion), 2016-2020
11.    Global Steel Wire Rope Market Forecast: Breakup by Application (USD Billion), 2021-2026
12.    Global Steel Wire Rope Historical Market: Breakup by Region (USD Billion), 2016-2020
13.    Global Steel Wire Rope Market Forecast: Breakup by Region (USD Billion), 2021-2026
14.    North America Steel Wire Rope Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    North America Steel Wire Rope Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Europe Steel Wire Rope Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Europe Steel Wire Rope Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Asia Pacific Steel Wire Rope Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Asia Pacific Steel Wire Rope Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Latin America Steel Wire Rope Historical Market: Breakup by Country (USD Billion), 2016-2020
21.    Latin America Steel Wire Rope Market Forecast: Breakup by Country (USD Billion), 2021-2026
22.    Middle East and Africa Steel Wire Rope Historical Market: Breakup by Country (USD Billion), 2016-2020
23.    Middle East and Africa Steel Wire Rope Market Forecast: Breakup by Country (USD Billion), 2021-2026
24.    Major Importing Countries by Volume (2020)
25.    Major Exporting Countries by Volume (2020)
26.    Major Importing Countries by Value (2020)
27.    Major Exporting Countries by Value (2020)
28.    Global Steel Wire Rope Market Structure

Key Questions Answered in the Report

The global steel wire rope market is projected to grow at a CAGR of 3.4% between 2021 and 2026.

The growth of the industry is supported by factors like rising population, growing disposable incomes, and the rising demand from marine and fishery, industrial and crane, and mining industries.

Favourable characteristics of the product like excellent resistance to impact, durability, high strength, abrasion, and corrosion resistance act as key industry trends informing the growth of the market.

The leading types of lay in the market are regular lay, lang lay, and alternate lay.

The significant strand patterns of steel wire rope in the industry are single layer, filler wire, seals, warrington, and combination.

The major steel types in the market are stainless steel and galvanized steel.

The leading coating types of steel wire rope in the industry are vinyl, zinc, nylon, and PVC, among others.

The significant application segments in the market are oil and gas, heavy machinery, mining, marine, general engineering, and construction, among others.

The major players in the industry are Cortland Limited, Anchor Industries Pty Ltd, Samson Rope Technologies, Inc., Chung Woo Rope Co. Ltd, Teufelberger Holding AG, Fasten Group, and Bekaert Group, among others.

Analyst Review

The global steel wire rope market is being driven by growing demand from marine and fishery. Aided by the technological advancements, the market is expected to witness a moderate growth in the forecast period of 2021-2026, growing at a CAGR of 3.4%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type of lay, the market is segmented into regular lay, lang lay, and alternate lay. By strand pattern, the industry is divided into single layer, filler wire, seals, warrington, and combination. On the basis of steel type, the market is bifurcated into stainless steel and galvanized steel. Based on coating type, the industry is segmented into vinyl, zinc, nylon, and PVC, among others. By application, the market is categorised into oil and gas, heavy machinery, mining, marine, general engineering, and construction, among others. The major regional markets for steel wire rope are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Cortland Limited, Anchor Industries Pty Ltd, Samson Rope Technologies, Inc., Chung Woo Rope Co. Ltd, Teufelberger Holding AG, Fasten Group, and Bekaert Group, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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